- By Alberto Abaterusso
As of Monday, several stocks were offering to shareholders a forward dividend yield that more than doubled the S&P 500 Index's yield of 1.87%. As such, dividend investors may want to consider the following media companies.
The first company is Salem Media Group Inc. (SALM), with a closing share price of $2.14 and a market capitalization of $55.91 million on Monday. The stock has a forward dividend yield of 12.26% versus an industry median of 2.48%.
- Warning! GuruFocus has detected 2 Warning Signs with SALM. Click here to check it out.
- High Yield Dividend Stocks in Gurus' Portfolio
- Wall Street recommends to buy shares of Salem Media Group and has established an average price target of $4.25 per share, reflecting 98.6% upside from the share price at close Monday.